05-23-2013, 11:10 AM
Now is not a good time to figure out how to price IOC for a buyout. My theory is that we will see a double spike. Why? With 37% short interest the price will go too high if you try to buy it now. I believe we need an announcement, and a squeeze with time for the stock to settle out. Once it settles out, the short interest should drop to a more normal level based on the present value of what is known and a small premium for the undeveloped licenses. Then it will be time for someone to make an offer. With that we will see a premium spike and a public bidding war.
CF
CF

